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Volksawgen hopes that its new midsize sedan, the Passat, which will be made in VW's new Chattanooga, Tenn. plant, will help the carmaker in its bid to overtake Toyota Motor as the world's largest automaker.

Amazon, Volkswagen and a group of Florida real estate companies are drastically dropping the prices of some of their key products. In the video above, Douglas McIntyre reveals which products are getting the biggest price cuts. Could these cuts be a sign that deflation is at work? McIntyre does not believe that is the case.

VW has set a hefty goal for itself: to displace Toyota as the world's No. 1 car company. The German automaker is actually within reach, thanks mainly to its huge lead in China. To overtake Toyota, however, VW will need to really ramp up sales in the American market.

Ford Motor and General Motors, the two largest U.S. auto makers, reported higher sales in January, as consumers steered cleared of the showrooms of the companies' nearest Japanese competitor, Toyota Motor, which is mired in massive recall involving millions of vehicles.